Five Point Holdings, LLC (FPH) 2021年年度报告「NYSE」.pdf

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1、 April 7,2022 Dear Shareholders,2021 and the first few months of 2022 have been a time of progress and transition for Five Point.In October 2021,our former Chairman,Chief Executive Officer and President transitioned into a new role as Chairman Emeritus,and I was later hired as Chief Executive Office

2、r in February 2022.I am excited about the opportunity to lead Five Point and thankful for the trust our Board of Directors has placed in me.I believe that Five Point is well positioned to capitalize on the opportunities available to us,and we are working hard to do so.Through the management changes,

3、our associates continued to execute on our business plan in 2021.A strong economy,rising wages,and a favorable interest rate environment,combined with continued strong demand for homes,allowed us to achieve a number of objectives,including(among other things):closing on the sale of 887 homesites and

4、 16 homes for an aggregate purchase price of$419.5 million at the Great Park Neighborhoods community owned by our joint venture,the Great Park Venture;receiving$98.3 million in distributions and incentive compensation from the Great Park Venture;closing on the sale of 643 homesites for an aggregate

5、purchase price of$167.3 million at our Valencia community;reducing our selling,general and administrative expenses to$77.1 million,a 7.6%reduction compared to 2020;generating consolidated revenues of$224.4 million and consolidated net income of$13.3 million;extending the maturity date of our$125 mil

6、lion unsecured revolving line of credit to April 2024;and maintaining a debt to total capitalization ratio of 24.7%and liquidity of$390.1 million as of December 31,2021.In addition,our guest homebuilders sold 346 homes at Valencia since sales commenced in May 2021.We now have 14 active neighborhoods